Can SHIB and MEME Recover Over 30% Monthly Losses? As Meme Coin Titan Proves Its Strength

SHIB and MEME are both meme coins that stand out, even though they are currently on a downward trend. Investors are hoping that both coins might recover from 30% losses in the past month.

Raboo, despite still being in its presale, has already shown so much potential. $RABT tokens have already increased by 60% from $0.003 to $0.0048, and it appears unstoppable. Keep reading to find out more.

SHIB falls victim to meme coin collapse 

SHIB has gone down by 0.37% in the last day to $0.00001696. With a $10 billion market capitalization, Shiba Inu is currently ranked 13th. But its market share is steadily dropping. The question on everyone’s mind is, what is causing Shiba Inu’s decline? And could it still climb up to be top 10 cryptocurrencies?

In addition to recent market volatility and fierce competition from freshly released meme coins, the price movement of investors also has an impact on the value of Shiba Inu. With the fear and greed index at 45, a neutral point that is closer to the bears, it is easy to understand how investors feel and how cautious they are with their money.

The fear and greed index brought about the overall market drop, which affected altcoins, including meme currencies. Additionally, the holders have suffered as a result of Binance exchange's announcement that the Shiba Inu TUSD pairs will be delisted.

Can MEME recover from a 30% loss in the last month

Memecoin (MEME) has fluctuated significantly in 2023, which is consistent with the general tendencies in the cryptocurrency market. MEME's price is currently $0.0182, down 40.67% from the previous month. It fell by 7.21% in the last 24 hours alone, adding to a larger 41.23% drop over the previous 30 days. Short-term adverse sentiment is reflected in this recent decline, but the long-term picture is still optimistic.  There are predictions that suggest MEME may hit $0.12 by 2025.

Analyzing the most recent price movement. The price of MEME has changed a lot over the last month, with support at $0.024 and considerable resistance near the $0.027 mark. Although the trend has remained bearish, there may be a chance for a reversal given the higher trading volume. Long-term forecasts are still optimistic despite the present state of the market due to MEME’s underlying potential and market positioning.

Raboo determined to lead the $1.2 billion meme coin market 

Raboo’s diligent quest to create one of the biggest meme coin communities ever. And grow to be among the top 10 cryptocurrencies by market capitalization. Users can make money while communicating with other like-minded meme coin enthusiasts within the whole SocialFi community. 

Raboo is well-positioned in the lucrative AI meme market, a specialized field currently valued at over $1.2 billion that is expected to expand quickly as AI technology advances. Raboo combines AI with memes, hosting exciting competitions on a regular basis where holders of $RABT tokens can use its generative AI tool to make the funniest memes in order to compete for massive prizes.

Social media savvy individuals now have an innovative way to monetise their posts with Raboo's Post-to-Earn program, and early investors will soon get even sweeter deals thanks to upcoming NFTs and large staking returns. Experts predict that the overall 233% presale gain is merely a prelude to a possible 100x jump once it launches, given the rapid growth in talk surrounding Raboo. Keep an eye out because Raboo could be about to take SHIB and MEME’s  place.

Conclusion 

Shiba Inu and MEME being on a downward trend with no sure signs of recovery is a cause of alarm for investors. However, there is a great option, appearing as a knight in shining armor, Raboo. This new AI meme coin comes with loads of amazing features. Analysts predict Raboo could surge by 10,000% once it lists on major exchanges.

You can participate in the Raboo presale here:

Telegram: https://t.me/RabootokenPortal 

Twitter: https://twitter.com/Raboo_Official